>>These guys/gals making $150K per day, can they sleep at night? How much was the capital used to get gains of the order of $150K? Is it worth it?<<
It is entirely up to each individual's feelings about money and life circumstances. My business partner and I have invested a total of $15,000 into the market. Add to that expenses necessary to trade (for us, since we are separated by a few hundred miles, long distance calls are the chief expense... Let's say $2000 a year).
We do have killer days like you described now. We have also absorbed losses as bad, a handful of times. Sucks. Then my business partner asks if we're back to the original amount.... which puts it in perspective. I like to say that $$ losses are temporary; it is only time that is truly lost.
Easy come, easy go. When I sleep, I sleep fabulously. It is not the risk that keeps me awake. But as you can see by the timing of my posts, the research can keep me awake. <gg> Often.
But it all boils down to one's feelings about money, about what is necessary to feel secure and sound. Everyone's different, and I can't knock any approach that maintains one's personal comfort zone.
I can be happy selling apples on a beach, while health is reasonably decent and there are caring folks around to share life with.
As e.e. cummings once said: "I'm living so far beyond my income that we may almost be said to be living apart."
Gertrude Stein: "Money is always there, but the pockets change."
Jackie Mason: "I have enough money to last me the rest of my life, unless I buy something."
"If women didn't exist, all the money in the world would have no meaning.".... Aristotle Onassis
"Money affords me nothing I personally need that I was not born with. It permits me to aid a friend in need and grants a stronger defense against the officially licensed and educated liars and thieves I encounter, but it is life and failure, and friends, that define the real wealth within my heart and soul.".... Sir Realist, straitjacketed in his rubber room. |
